MOUNTAIN VIEW, Calif. and BURLINGTON, Mass. (November 24, 1997) -- Netscape Communications Corporation (Nasdaq: NSCP) and Individual, Inc. (Nasdaq: INDV) today launched a co-branded service, Netscape Business Journal by Individual. The program, developed and managed by Individual, is a one-stop business center that is a key part of Netcenter, Netscape's online service.
Available immediately, Netscape Business Journal by Individual provides highly relevant, up-to-date personalized information organized by industry, company and topic. Located at Netscape's Internet site - the Web's leading site for business users according to Media Metrix's September report - Netscape Business Journal by Individual can be accessed at http://home.netscape.com/netcenter/businessjournal/
Business Journal features customized briefs from hundreds of branded news sources; corporate and market intelligence from a database of 65,000 U.S. companies; breaking industry news from wire services; information on management trends; and highly-targeted information in vertical industries . Launched just two months ago, Netscape Netcenter already has more than 1.7 million members.
"Netscape Business Journal by Individual is a compelling and useful service that delivers reliable business information and services to busy professionals," said Michael E. Kolowich, chairman, president and chief executive officer at Individual. "Unlike other online programs, Business Journal is focused exclusively on the business and professional user. This initial service is a great start and will only get better as we add valuable new services, new partners, and new content options. We expect to aggressively extend and redefine the concept of an online business resource and information center."
Netscape introduced the Netcenter online service in September as part of its strategy to provide busy professionals with the best software, content and community resources on the Internet. Since its launch, Netscape has expanded Netcenter to include commerce offerings in addition to the three original service areas. Individual, Inc. was selected to organize and build Business Journal - which will be featured in the content section of Netscape Netcenter, and will provide its members with personalized online business resources and services from one convenient location.
"Netscape Business Journal by Individual is a key component of the Netscape Netcenter online service," said Jennifer Bailey, vice president of Netscape's Web site. "Our relationship with Individual allows us to provide millions of Internet users with easy access to one of the best and most comprehensive business information resources found anywhere on the Web."
Business Journal includes new content developed by Individual, and existing content which leverage Individual's current Web products and information provider relationships.
The four main components of the new service are:
Netscape Business Journal by Individual has a tiered pricing structure, with many services supported by advertising and free to the user. The premium level offers Web-based email delivery of a personalized daily briefing and access to premium content, and costs $6.95 per month. The service was originally announced as Netscape Industry Watch by Individual and was changed to Netscape Business Journal by Individual.
ABOUT NETSCAPE
Netscape Communications Corporation is a leading provider of open software for linking people and information over enterprise networks and the Internet. The company offers a full line of clients, servers, development tools and commercial applications to create a complete platform for next-generation, live online applications. Traded on Nasdaq under the symbol NSCP, Netscape Communications Corporation is based in Mountain View, California.
Additional information on Netscape Communications Corporation is available on the Internet at http://home.netscape.com, by sending email to info@netscape.com or by calling 650/937-2555 (corporations) or 650/937-3777 (individuals).
ABOUT INDIVIDUAL
Individual, Inc. is a pioneer and leading innovator of electronic personalized business information services. Through its exclusive information retrieval, filtering, and delivery technologies, Individual brings highly relevant, precisely targeted business news, information, and advertising to more than two million paid, registered, or licensed users worldwide. On November 3, 1997 Individual announced a definitive agreement to merge with Desktop Data, Inc. to form a new company, NewsEDGE Corporation. The combined company will be the largest independent news integrator in the world, delivering relevant, critical news in real-time to individual end users, workgroups and to enterprises. The merger is expected to close in the first quarter of 1998. NewsEDGE Corporation will be headquartered Burlington, Mass.
Additional information on Individual, Inc. is available on the Web at http://www.individual.com, or by calling 781-273-6000.
Certain of the above statements, including, without limitation, any statements regarding the combined entity's expectations for future growth in revenues and users and achievement of profitability are forward looking statements that involve risks and uncertainties. Actual results could differ materially as a result of a variety of factors, including, dependence on the NewsEDGE Service, news providers, news transmission sources and key personnel, changes in the rapidly evolving market for customized business information services, changes in the mix of revenue sources including risks associated with achieving larger corporate sales, risks of technological change and new product introductions, risks associated with acquisitions including ClariNet Communications and Company Link, competitive developments, and the risk factors described from time to time in the SEC reports of Individual, Inc. and Desktop Data, Inc.
Individual First!, Individual NewsPage, HeadsUp, ClariNet and ClariNews are trademarks of Individual, Inc. All other trademarks contained herein are the property of their respective owners.
Netscape, Netscape Navigator, and the Netscape N logo are registered trademarks of Netscape Communications Corporation in the United States and other countries. Other Netscape logos, product names, and service names are also trademarks of Netscape Communications Corporation, which may be registered in other countries. Other product and brand names are trademarks of their respective owners.